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“Simply put, the Process Model is the way that the work is divided in a value delivery system.”
— James B. Swartz

A representation of a process and its related components presented in a time-dependent fashion.
It also represents the decision logic that exists within the system.

Benefits of Process Modeling:

Document current processes for standardization.
Provide guidelines for new process members to reduce the learning curve.
Capture and analyze AS-IS processes.
Design / redesign process for TO-BE scenarios.
Test the design of a new process before committing to an expensive development project.